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of ten year time frame we would manage the cut and spending and tax increases and in investments, we need do all three. we need to tax, cut, and invest in the source of our strength. i think that would have a huge effect. i think americans today feel in many ways like children of two divorced parents. i think it's a pal in the country in a lot of ways. it would be huge. if we got a grand bargain on energy how to exploit the boundary of -- i think the two together would have a huge impact. so the question is how close are we to that? and, you know, i have a saying about the middle east which applies to the american politics. all important politics happens the morning after the morning after. >> when is that? >> here i'm talking about the election. here i think the question really is i don't know how the election is going come out. i make no prediction. i ask myself if romney gets smashed, if he gets smashed, it would -- i happen to think the political problem in the country we have a center left party and we have a far right party. that is a structure problem. the republican party has gone
that he's going to close deductions and loopholes for his tax plan. that's how it's going to be paid for but we don't know the details. he says that he's going to replace dot frank, wall street reform, but we don't know exactly which ones. he won't tell us. he now says he's going to replace obama care. at some point i think the american people have to ask themselves, is the reason that governor romney is keeping all these plans to replace secret because they are too good? is it because somehow middle class families are going to benefit too much from them? >> let me bring in nick khristoff. let me read one of your many tweets last night, nick. obama is such a gifted speaker but tonight he seemed passive, distracted and defensive. what happened? >> i mean n a word, he blew it. it is not the same as blowing a campaign. i think part of it was expectations and romney did much better than expectations. but beyond that, he let romney get away with accusing him of being the one who is undecided on big banks, on being the one who would let people lose their health insurance, of being the one
taxes on the middle-class. we have made changes here in the state of nebraska that grows this economy. that is why i am running for the united states senate. they want a change of leadership in washington. we have a senate in washington that hasn't passed a budget, let alone a balanced budget. we can change that. that is why i am running for the united states senate. i want to pass a balanced budget. i'm not your usual politician. obviously i am not one of the good ole boys, and i will make the tough decisions in the united states senate. we'll roll up my sleeves and work hard for you, and i will fight for you. i will fight for all people. thank you. >> thank you. now the opening statement from former nebraska governor and senator bob kerrey. >> i love nebraska. i was born here in lincoln. i went to lincoln northeast high school. i left nebraska, went to war and came home. i recovered from my injuries here in lincoln. i started a business that today employs more than 700 people. i have served you as your governor. we balanced the budget and the economy recovered. i served as a senator
out enough in debt, and enough taxes we have made changes that grows this economy, and that is why i am running for the united states senate. to change the want leadership in washington. we can change that. that is why i am running for the senate. i want to pass a balanced budget. i am not your usual politician. i'm not one of the good old boys pay ed i will make this tough decisions in the united states senate. i will roll up my sleeves, work hard for you, and i will fight for you. >> now the opening statement from bob kerrey. >> thank you. i love nebraska. i always have and i always will. i was born here in lincoln. i left nebraska and went to war and came home, and i recovered from illness in the lincoln. i started a business that employed more than 700 people. i served as your governor, balancing our budget, and i left after four years and went back to business. i served as your son that -- as your senator, and again we balance our budget. i am a candidate for congress for the senate because congress needs to change, and i will fight to make that happen. i have never had and neve
don't know. i never have enough money to do it. the middle class needs relief, tax relief. they needed now. >> the governor, if you like to respond to what he said about senator mccain's remarks. >> we can speak an agreement that, don wright, we need tax relief for americans so that -- darn right, we need tax relief for americans so that we can have jobs in america. barack had 94 opportunities to side on the people's side and reduce taxes and 94 times he voted to increase taxes or not support a tax reduction. 94 times. that is not what we need to create jobs and really bolster and heat up our economy. we do need the private sector to be able to keep more what we're in and produce. government will have to learn to be more efficient and live with less if that is what it takes to rein in the government growth that we have seen today. but we do need tax relief and barack obama even supported increasing taxes as late as last year for those families making only 40 two thousand dollars a year. that is a lot of middle-income average american families to increase taxes on them. i think that is
's why he cut taxing for families and small businesses. balls we believe that teachers and firefighters should not be paying higher tax rates than millionaires and billionaires, not in america. [applause] he got the all the industry back on its feet and today new cars are rolling off the line at proud american companies like g.m. and yes, while we still have a long way to go to rebuild our economy, understand we have had 30 straight months of private sector job growth, a total of 5.1 million new jobs under this president! good jobs. right here in the united states of america. [applause] let's talk about the health of our families. see, barack didn't care whether health reform was the easy thing to do politically. that's not who he is. he cared that it was the right thing to do, and thankfully because he fought for health reform, today our parents and grandparents on medicare are paying hundreds less for their prescription drugs. our young people can stay on their parents' insurance until they're 26 years old. [applause] insurance companies now have to cover basic preventive care. things
and a tax cut. that was done with the republican governor, is split between republicans and democrats in the house and senate. it was a bipartisan effort. we got it done for texas. road. been on the i really do not know. >> mr. sadler, a democrat has not won a statewide office in texas since 1994. do you consider this an uphill battle? >> for an open senate seat, it is always a battle, and should be, and needs to be, regardless of the party. i understand we have not elected a democrat in a long time. >> let's go to mr. cruz. he said the day after you beat lt. governor dewhurst, he said he would run scared for the general election. but you have agreed to this and what other debt -- televised debate. you criticized governor dewhurst for having almost 40 candidate forms up to the primary, but are you planning its eighth and coasting? safe and coasting? >> we have been crisscrossing the state of texas. we have been all over the state, literally hundreds of dop's and vfw halls and enny's talking with voters in every part of the state. that is what we are doing between now and election day.
substantive, and i wish he would do tax reform -- i don't think he is going to do that -- or find some way in the very end to convince people what he is, which the actress is, a decent human being -- she actually is, decent human being. >> romney said, but what my heart aches for the people i've seen and i want to help them." the voters are not getting that message. >> the problem that he has -- call it relate ability, call it whatever you want -- is compounded by the 47%. remember john kerry? "before i voted against the $87 million, i voted against it." that played into the negative narrative of john kerry being a flip-flop. away47% tape that won't go plays into the stereotype of romney as an aloof, detached, uncaring, and not able to show any empathy for people who are not in his social or economic bracket. >> from the politico piece, "rare is the moment where romney sings the praises of the working stiff, the which is pulling a double shift." mike huckabee told the jay leno, "romney reminds you of the guy who fired tear." -- fired you." >> romney is not going to be at the clinton who fe
to tackle at an issue, increasing their taxes? >> let's start with the families. they will get their attention. the voters have to understand all this, which they did not, and voters need to understand what we have to do to get all this corrected, and they do not. if we ever get that over to the voters, they will vote for the people who are geared up, ready, and know how to do it and are running on that basis, and then we can change this country forever and get us back to where we used to be when i was a boy in the depression. why schoolteachers and would have been doctors, lawyers, indian chiefs today. with luck they were making $200 a month, but they were talented, they brought out the best in all of us. they were by example really fine people, and with the highest qualities. all that got transmitted to the children at class a even if they were not getting it at home. >> when you were running you were talking about increasing not necessarily dollars per capita, but investing in education, communications, and transportation. even while trying to reduce deficits and debt, you w
inflation. front and center are jobs. i will be the only candidate advocating eliminating income tax, corporate tax, abolishing the irs and replacing that with one federal consumption tax. i embrace the fair tax. i think that is the answer to jobs. if the private sector does not create tens of millions of jobs, i did not know what it will take to create tens of millions of jobs. it is the entry to china. i see manufacturing jobs flocking back to the united states. are you hearing these things from these other two guys? no. they are arguing over who will spend more money on medicare. romney said he wants to increase spending for the military and balance the budget. it doesn't add up. i guess we believe in santa claus and the easter bunny and i do not think they are coming. host: gary johnson is with us and will add a third line for third party voters. we will get to your calls in just a couple of moments. what is the strategy for the rest of the election? guest: right now there is a lot of attention that is being drawn to what it is that i am saying. i'm being recognized for being at
there be anything surprising that emerges from there? mike the committee be smaller tax >> we were talking about rumors earlier in the context of -- might thed committee be smaller? >> we were talking rumors earlier. probably the u.s. is on the side, a minor concern that may have affected by a day or two. but fundamentally i think this got decided out of an internal logic in china, and not looking at united states. my own personal guess is that if you look at the pool of people eligible to be the next and the commit -- standing committee, we may have some difficulty deciding which fisher going to get pulled out of the pond. it is revealing to look at the fish in the pond, the totality of what they are choosing among and what we're looking at is a more diverse group of people in terms of education, business, law, even humanity, to some extent. we are looking at a broader generations. we are looking at people, we were talking about xi. he has some enormous experience, my those leaders from all over the world visiting his city. i think we are looking at people experienced in the world. when we look
>> eric: that's it for us. >> jamie: shannon? >> my plan is not to raise taxes on anyone. i'm going to reduce taxes for middle-income americans. >> mr. romney wants another $5 trillion in tax cuts that he can't pay for. >> you can't have it both ways. a battle over $5 trillion, your tax dollars, president obama says a tax cut by the governor would roll out benefits to only the wealthiest americans at the cost of the middle class. romney says, no matter how many times the president says it it is not true. who is telling the truth? i'm shannon bream, live in washington. we have representatives from both sides of the aisle. rnc chairman, reince priebus and dnc chairwoman, debbie wasserman-schultz. welcome. we start in washington with reince priebus. i want to talk about the unemployment numbers for september, 7.8%, the lowest since president obama has been in office. he said, you can't turn back now, america is moving in the right direction. has he made a case that we are seeing recovery? >> not at all. first of all, we will let the economists argue over the numbers. i know people are
is a combination of tax hikes and spending cuts due to hit at the end of the year after the election. the president coming off with what was widely seen as a lackluster debate performance, was in wisconsin yesterday with new found vigor. >> i want to export more products and outsource fewer jobs. >> reporter: that is a message he'll no doubt repeat at a campaign stop in virginia today. job growth is in positive territory, but not by much. and through so many months, it's been outpaced by population growth. mitt romney will be poised to strike, arguing that the unemployment rate understates the problem. >> if the same share of the workforce were engaged in looking for a job now as when the president took office, the unemployment rate wouldn't be at 8.1%, it will be 11.2%. >> reporter: both campaigns will be looking beyond today's numbers. october numbers come out on november 2nd, four days before the election. in washington, doug luzader, fox news. >>> another big story developing today. health officials warn thousands more people could be at risk of getting a deadly form of meningitis. it's already
work and have children. the reason they don't pay federal income taxes is because the median income is as low as 1995. until the current election season, republicans and democrats supported both the child tax credit and the earned income tax credit. i doubled the earned income tax credit. it was signed under the tax credit. reagan started it. we started it with a strong support of republicans in congress. president bush dealt with that, then president obama increased the earned income tax credit for families with more than three children. this is a rejection of basically more than three decades of bipartisan policy to support working families. it's not a bunch of free loaders. there's only 4% of the total population who don't pay federal income tax and don't work and may not be looking for work. we now have the numbers on this, so, i think that most important thing for him is to find a way to relate to more people in these debates and speak to more of them. this is not the republican primary anymore. >> is he principled, do you think? mitt romney? >> that's not the issue, to me. i t
and feeding off taxpayer money and not doing their job. .. and to close at, what is taking a 15% tax increase or we would have to reduce our personnel by 10%. that is 40 out of 400 employees would have to let go. so for the last 10 months, this is in my largest haul. i've the market every day in the budget turned to come up with creative ways to increase revenue, creative ways to reduce costs. we have a laundry list of initiatives. and yesterday, i propose my budget proposal for the next year that will close the $3 million deficit with only three layoffs in the 2.7% tax increase. a full percentage point below the average of the last four years. back on about 12 likes on facebook. i got some presidential, 500 likes on facebook. this'll be a real head, sherry. >> sometimes a refresh. there must not be reading it. >> but it is as a tool, the important conversations, those have to have when you have so much attention. they can give you their attention. you can give them yours. there is no push but my to replicate that. but as a forum, to share the implications and sometimes to allow a dialect to
on tax policy, energy, medicare reform, your hometown newspaper has taken to calling you senator gone. you've got one of the worst attendance records in the united states senate. now, in my capacity as vice president, i am the president of the senate, the presiding officer. i'm up in the senate most tuesdays when they're in session. the first time i ever met you was when you walked on the stage tonight. with respect to israel and palestine, gwen, the suicide bombers in part were generated by saddam hussein, who paid $25,000 to the families of suicide bombers. i personally think one of the reasons that we don't have as many suicide attacks today in israel as we had in the past is because saddam's no longer in business. we've been strong supporters of israel. if president stepped forward and put in place a policy basically that said we will support the establishment of two states. the first president ever to say establish and support a palestinian state next door to israelis. but first, there has to be an interlocking agreement you can trust and deal with. we don't have that now. with y
-span2. after that at noon eastern the urban institute on host a discussion on tax increases that are set to take place in january. the end of the bush income tax cuts the payroll tax holiday and hikes on investment income. speakers include douglas holtz-eakin. that will be live here on c-span2 starting again at 12 in eastern. >> a look now at campaign spending and political ads in the presidential election. from the annenberg public policy center at the university of pennsylvania, this is about 45 minutes. >> i am the editorial communications director at the center for responsive politics, and we are here to talk about the challenges posted journals by dark money and their mysterious donors. erika fowler is joining me on the panel. she is from the west the medium project achieves an assistant professor of government at western university. director of the media project which tracks and analyzes all political ads aired on broadcast television in real-time during elections. she specialized in political communication and she'll be talking about some of the ads we are seeing outside groups an
the rich shouldn't have any sort of implications of their taxes changed. senator menendez, you will portrayed be a tax-and-spend liberal. let's move beyond clichÉs right now. tell me specifically, what one thing about your opponent makes him less qualified than you to serve in the u.s. senate. senator kyrillos, you can go first. kyrillos: well, senator menendez mentions the middle-class. he mentioned it tonight, does it fairly often. but up, the middle-class is not doing very well at all. we've got to do better. and so, you know, i read the press releases that you put out and i've heard your opening statement, but i don't hear any action items about how we are going to do it better. and so, i've got a plan. i know that if we do what we've been doing, more of the same, well, we will have the same outcome and that is unacceptable for the people of new jersey and unacceptable for americans. so let's do some things differently. if your way worked, well, we would have 43 straight months of 8% plus unemployment. let's get the job done. >> moderator: senator menendez. menendez: my op
for a mortgage or credit card you know exactly what you're getting in to. that's why he cut taxing for families and small businesses. balls we believe that teachers and firefighters should not be paying higher tax rates than millionaires and billionaires, not in america. [applause] he got the all the industry back on its feet and today new cars are rolling off the line at proud american companies like g.m. and yes, while we still have a long way to go to rebuild our economy, understand we have had 30 straight months of private sector job growth, a total of 5.1 million new jobs under this president! good jobs. right here in the united states of america. [applause] let's talk about the health of our families. see, barack didn't care whether health reform was the easy thing to do politically. that's not who he is. he cared that it was the right thing to do, and thankfully because he fought for health reform, today our parents and grandparents on medicare are paying hundreds less for their prescription drugs. our young people can stay on their parents' insurance until they're 26 years old. [applaus
a tax break. we will think that at least some of these guys who give money are just too forward their beliefs. maybe that is starry eyed. at least in some cases, this is really not about consideration. that is not to say that their beliefs to outline of what material considerations. it is a little harder to tell this story of corruption. you can still tell the story of influence. the point of giving money to a candidate somewhere along the line is to change the way policy is made in this country. that will never go away. what do we do with the guys saying i like certain policies and i want to see more of that. >> there was an interview recently where it was said that there's a possibility of federal investigations. he was convinced it obama wins, they will pursue these. >> why not use the real one? >> the real one has already been flogged to death. >> having spent time -- sometimes the press gets it wrong in assuming that every -- anybody who gives money is a bad person. that is the assumption of the narrative. big bad money people who are out to buy the election. the reality is
spending cuts and tax increases. ronald reagan agreed to tax increases when it hit 4%. george w. bush did when it was 3% of gdp. but today's republican party is organized around the proposition that no matter the circumstances, there must never be a tax increase of any kind. the simpson-bowles proposal calls for $1 for every $3 of spending cut bus every republican presidential candidate during the primaries including romney pledge thad he or she would not accept $10 of spending cuts if that meant $1 of tax increases. so romney could present a serious economic plan with numbers that add up and then he would face a revolt within his own party. so his solution has been to be utterly vague about how to deal with the actually deficit. when pressed for details, he said, the devil's in the details. he's right. were he to get specific he would be committing ideological blasphemy. instead he talks about freedom and capitalism. the same pattern emerges on immigration. he says he wanted to solve the immigration issue permanently but he can't actually propose anything practical because that would tal
clear to people that all these falsehoods coming out of the obama campaign about our tax policy about our medicare reform and all that are just that. >> reporter: romney will be working in pre-debate campaigning as he arrives. every day counts. wolf? >> preside obama is spending the next couple of days in henderson, nevada, gearing up for wednesday's debate. our white house correspondent dan lothian is over at the white house. he getting new information. what's the latest on his xaeb preparation, dan? >> reporter: campaign official telling me that the president began those practices last might after arriving in defense nevada and continued these rehearsals this morning in nevada as well. taking only a break this afternoon. one of the things that they are really working on is trying to get the president to be more concise and in his answers. you know, sometime it is president can be long winded and the campaign has admitted this and it is not the most effective way to deliver your message. so they are trying to get the president to answer these questions with very few words. he has a s
. >>> preaching politics from the pulpit. hundreds of pastors plan to do it today. why? they want the irs to tax them. plus, hear from the man planning a death-defying recordsetting jump from the edge of space. >>> a campus police officer shot and killed this 18-year-old freshman at the university of south alabama yesterday. school officials say gilbert collar rushed the officer several times and kept threatening him. he reportedly was make ed and abbinging eradically. his friends remembered a different student. >> you could ask anyone that knew him. he was a great, loving guy. always made people smile. you know, is not the kind of guy that people move him and said he would do something like this. >> i want to bring in cnn legal contributor paul cowen joining us from new york. paul, good morning. >> good morning, randi. >> the victim in this case is 18 years old. he was a college freshman. considering the circumstances, he was apparently, reportedly, make ed. wouldn't they have been able to see that he wasn't armed? i mean, why do you think it led to something like this? >> you know, randi, the
economic theory of tax cuts for the rich, despite the fact he deny attend tax cuts, and the math. and let's go to war with sesame street but give wall street a big, wet, kiss, that is call what got us into this mess, we spent four years digging out of it. >>> meanwhile, gingrich saying the numbers were good for the president, but the overall picture is still gloomy. >> i think it was a significant help to the president. imagine coming out at 8.2 following the debate, i mean people would have entered the week saying it is close to the end. so it is part of the whole process, the campaign will go down to the end. it will be one of the most interesting campaigns in american history, i think you will see it go back and forth somewhat. on friday, the imf said probably no recovery until 2018. >> more reaction from them on the president's debate in just a moment. but first, here is the gallop daily tracking poll, mitt romney closing the gap on president obama, who still leads by three points, 49-46, and taking to the tv air waves, the romney camp claiming the president's plan will increase taxes
romney's been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy, and yet the fellow on the stage last night who looked like mitt romney said he did not know anything about that. but i just want to make sure i got this straight. he'll get rid of regulations on wall street, but he's going to crack down on sesame street. thank goodness somebody's finally cracking down on big bird. who knew that he was responsible for all these deficits? >> mika, what were your thoughts about barack obama not being able to deliver a single line like that when he didn't have the teleprompter and yesterday reading what his staff wrote for him so effectively on that stage with 30,000 people. >> it bothered me. we watch this every day. it seemed like some people might have been screaming at the tv saying, why aren't you saying that right now to him? it seemed prepared. but maybe that's the strategy. it was not satisfying at all. >> you know, willie -- >> it's like they took a whole day to respond. >> he carries this around where people are waiting till the nex
and virginia. 35 cases have been reported across the country of fungal meningitis. doctors say it taxed the lining of the brain and the spinal cord. all of the infected patients received steroid injections to treat back pain. doctors suggest the steroid was likely contaminated and say it is not contagious. >> you are going to see a spike perhaps in more cases in the next few more days but ultimately, it will subside. >> it is very important for your listening audience to know that this meningitis is not transmissible person to person. >> symptoms include nausea, dizziness, fever and severe headaches. >>> other local headlines right now. in northwest d.c., four people including one firefighter are recovering after a fire on k street. one person had to jump from a window and is in serious condition right now. the injured firefighter is expected to be okay. no word on what caused that fire. >>> a popular shortcut to the fort totten metro station has become the focus now of improving safety in the area. a string of robberies at gunpoint on the path are causing some concern. police say the m
her accident on securing the worlder, john lewis on excise tax when it comes to the telephones. so i have a long list, a long career and history of working with both sides of the aisle because i believe at the end of the day if we're going to solve the problems facing this nation, facing the state of nevada -- high unemployment, high foreclosures, businesses going bankrupt -- if you're going to solve those problems, republicans and democrats are going to have to come together to solve those problems. >> moderator: congressman berkeley, you have a minute. berkeley: i think it's important we do work together, and on many issues we co. do. one of the things i recall working across party lines was for the elimination of the estate tax. i worked with mr. brady who sits on the ways and means committee with me. that's also crossing party lines and breaking with my own party to make sure that we do what i think is right for the american people. um, b one of the issues that's very important that we talk about a lot is jobs and making sure that we provide an environment where we can create goo
't pay federal income taxes. >> there are 47% of the people who vote for the president no matter what. >> reporter: with an obama campaign ad still repeating those, romney tried to put an end to the controversy once and for all on fox. >> clearly in a campaign with hundreds and thousands of speeches and question and answer sessions, now and then you're going to say something that doesn't come out right. in this case i've said something that's completely wrong. >> reporter: romney heads next to florida where his economic message will still resonate. that state's unemployment rate while it has gone down in recent months is still well above the national average. wolf. >> jim acosta joining us, thanks very much. let's dig deeper right now with our chief political analyst gloria borger. gloria, this unemployment number, the new number, how important is it to each of these two candidates? >> well, first of all it's got to be a real boost for president obama as jessica was talking about earlier. if not reality, then also a real psychological boost to get below that 8% figure. very important
and devoid of any major entertaining moments. it focused on dense domestic issues like taxes, social security and medicare and the role of the federal government. the president said romney's ideas are not specific enough. >> his running mate, congressman ryan put forward a budget that reflects many of the principles that governor romney has talked about, and it wasn't very detailed. this seems to be a trend. >>reporter: and romney repeatedly accused the president of misrepresenting his position. >> i got five boys, i'm used to people saying something that's not always true but just keep on repeating it and ultimately hoping i'll believe it, but that is not the case. i will not reduce the taxes paid by high income americans. >>reporter: this is the first of three presidential debates. the next one is scheduled for october 16th, but the vice presidential candidates debate a week from today. allison. >> nicole collins live on the hill, nicole, thank you. >>> both parties are analyzing the debates this morning. vice president joe biden says romney did not give enough specifics and republican f
taxes, $716 billion out of medicare. it's not right senator. >> the next question. >> early in the debate you said as you often do that this country has experienced 43 months of over 8% unemployment and on your website under joe's plan you say in new jersey they have shown there is a better way. so why is unemployment in this state 9.9% if you've shown the better way? >> because we don't have a strong national economy, because the senator and his colleagues and the executive branch are following a path that is failing us. and if we elect them yet again, we'll get more of the same. there is nothing wrong with our new jersey economy that a roaring national economy wouldn't cure. now here at home, we're doing everything we can to make things right. we're balancing our budgets, we're doing it without tax increases. we are rolling out economic incentives. we do things and we do it in a by partisan way because many of our successes, all of them by necessity, we do with the democratic leadership in the legislature. so can you image if you're former colleague was governor of this st
and the liberals will raise taxes on the middle class by $4,000. the same organization says the plan from mitt romney and common sense conservatives is "not a tax hike on the middle class." want proof? read the non-partisan study for yourself at american.com. obama and his liberal allies? we can't afford four more years. i'm mitt romney and i approve this message. game. >>> tonight, students walk miles in search of question four. >>> family and friends ban together for support in honor of brian glen. >> and the meningitis outbreak keeps on growing as health officials confirm another infection in maryland. we have the latest figures coming up. thank you for staying with us tonight. i'm maureen umeh. >> i'm laura evans. we begin with a fight for a dream. hundreds turned out for a rale, marching from langley park to the university of maryland in support of the maryland dream act. >> they're trying to ramp up support for question 4 on the november ballot, which would allow students from undocumented families to qualify for in-state tuition in the university system. karen gray houston has the story
we need time to fix it, and by the way, the president will also say that he wants to increase taxes on people like mitt romney to help pay down some of that debt. >> reporter: we just put of that graphic there showing the $16 trillion of debt and there are so many digits it almost doesn't fit on the tv screen across the screen there, as you can see. but haven't americans in some way become number to astronomical numbers? how serious is this in. >> they have become number. is it the new normal this massive spilling of red ink but it raises three problems which i don't think the nation has got even to grips with yet. number one our economy is smaller than our debt. we look like europe, we know what happened there. number two we are spending $9 billion every week just paying interest on this debt, about a quarter of it goes overseas. and number 3, we are paying for this debt by printing money. so here is the question, allison, what happens when we stop printing as we inevitably will at some point, what happens when people stop lending us the money because we've borrowed so much. what h
the fiscal cliff and the tax armageddon and the dysfunctional congress and all of this kind of thing. are there concrete steps the president can take as the principal foreign policy actor to reverse perceptions or to counter perceptions that the united states is in decline in terms of its global influence. >> the most important one by far is attempting to heal the rift domestically in answer to your first question we should have said what i think is the biggest change more than the five areas that tom talked about that weakens us which is that we have never been i.t. as politically polarized and divided. we have never had a dysfunctional congress or dysfunctional relationship between the two ends of pennsylvania avenue. so, the biggest thing the president can do, and he doesn't have to negotiate with any of the foreign partners to do it is to get a slide down the fiscal cliff that has a lot of lease soft landing at the bottom, and to attempt to go beyond that i think -- i hesitate to say this because it seems unlikely, but in trying to find some common ground on a range of domestic i
" narrative. sunday paul ryan said it's not in the least bit true that cutting the tax rate by 20% would cut $20 trillion in five years. >> how much does it cost? >> it's revenue neutral. >> we'll get to the -- >> the cut in tax rates is lower, by 20%. >> how much does that cost? >> it's revenue neutral. lowering the tax rates by broadening the tax rates -- >> let me --. i -- >> you haven't given me the math. >> i don't have the time. it would take me too long go through all of the math. >> that's a quote you're going to hear a lot, i guess from the obama campaign and the president himself. meanwhile the president who's known for being a bit long-winded and can have an hour-long news conference with only eight questions is working to sharpen his responses. quote, we eh had a hard time getting every point across within the time limit. you're trying to make a case to the people, so you have to make sure your answers connect with people. he got some advice from howard dean. >> the president's got to avoid being irritable. hi's got to roll with the punches. mitt is going to be out there, aggress
and pleaded guilty last year to extortion and tax evasion in connection with development deals. >>> it's a big night in the race for the white house. president obama and mitt romney will face off the first time in a nationally televised presidential debate. it will give voters a chance to size up both candidates. craig bosswell lee with all of the details. craig? >> reporter: good evening to you, shawn. president obama moments ago wrapped up his walk-through and spent about 30 minutes on the stage inside the magnus arena and the first question of the debate will go to president obama. both campaigns have been downplaying the expectations, the fact tonight that stakes here are very high. the 90-minute showdown will be broken down into six 15-minute segments. the moderator opens each segment with a question llowed by answers from each candidate and a discussion of the topic. >> there will be fewer questions and more extended discussion that dives into certain detail -- issues in detail. >> reporter: both men are certain to face tough questions on domestic issues, healthcare, the fiscal crisis, u
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